Market Update

W.16 Market Highlights – ESSENCE VALUE! JEWELS & T2 LAND

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This is our Weekly Market update giving you the best Highlights of the past week! Make sure to stay up to date by tuning into these articles. The information in these articles is always expanding and improving! 

MARKET KPIs (Key Performance Indicators)

WEEKLY MARKET UPDATE HIGHLIGHTS 3 E2 ASSETS.
One Section for each:

  • ESSENCE PRICE (Bazaar Valuation)
  • LAND SALES HIGHLIGHTS
  • JEWEL PRICE HIGHLIGHTS

MAIN HIGHLIGHTS

  • ESSENCE (ESNC) Price (0.15) The Bazaar Essence Price is in an overall consolidation trend and coming months should stabilize this market price into a tighter price range for luminous
  • T3 Cracked BULLS are trying to break out!
  • Sales of T2 jumps as 2 New countries have been opened!
  • T1 Commons (Spawned) are still holding the IMPORTANT 0.22 USD line!!
    5th week in a row!

ESSENCE PRICE VALUATION

(LUMINOUS PREMIUM PRICE /
ESSENCE UPGRADE COST)
WHY do we use the Bazaar to estimate the ESSENCE PRICE and not EPL or other ESNC conversions? 
The Jewels Bazaar is the most LIQUID market with the highest/most volume / Turnover of an E2 ASSET involving ESSENCE. This enables a more fresh and updated market price and valuation of 1 ESNC.

NOTE: A way to already "SELL ESSENCE" exists in Earth2 by making upgraded Jewels and selling them. One could call it "wrapping" ESSENCE into Jewels and selling the jewel at a higher price. The Seller then recieves both income covering both the Jewel Cost to make the Jewel (if crafted) and the premium which becomes the ESSENCE value (This is how we can derive an ESSENCE price via the Bazaar market, see more below)
  • ESSENCE PRICE is NARROWING down at the range 0.11-0.15 USD per ESSENCE!! (ALL LUMINOUS JEWELS)

BAZAAR ESSENCE PRICE - How this works: 
In short: Upgrading Jewels to luminous requires ESSENCE (And shards). Since we know the required amount of both (ESSENCE & Shards) and the value of shards is known (via T1 prices) and we know the total Lumious price we can then calculate the value of the ESSENCE. 

Calculation Breakdown:
Luminous Jewels consist of 3 Cost Elements: 
Jewel Cost, Shards Cost and ESSENCE Cost. Below shows how we derive the ESSENCE cost (Price).

JEWELS COST: The lowest cost to craft the jewel will be used. 
Example: A T3 Jewel requires 18 T1 Commons. 
Is the total of 18 T1 Commons the cheapest or is the available T3 Cracked cheapest. 

SHARD COST: T1 Common price divided by 17 (shards gained when breaking a T1 Common)
The Best way to gain shards by breaking Jewels is breaking T1 Commons. This will result in the highest shards/jewel ratio. It will yield between 17-20 shards depending on what T1 Common jewel being broken. 
(Note: Shards are gained "for free" when crafting. Thus a 0 Shard cost is possible. Nonetheless, we will factor in the price of it, the shard cost is a minor cost element for Luminous Jewels)

TOTAL ESSENCE COST: Since we now know above cost elements for the Luminous Jewel we can simply subtract them from the Luminous Price. 
TOTAL ESSENCE COST = LUMINOUS PRICE (Bazaar Market price) - JEWEL COST - SHARD COST

Lastly Calculate the Cost (price) / ESSENCE: Done by dividing the TOTAL ESSENCE COST with required ESSENCE for upgrading each specific Jewel. 
* PLEASE SEE THE TABLE BELOW AND THE DARKBLUE FIELDS*

TIER 2 LAND SALES HIGHLIGHTS

  • 0.7 Million T2 tiles sold this week. an increase by 200 000 tiles sold week-over-week.
  • Total of 36.7 MILLION T2 tiles now sold versus the 59M T1 Tiles. (38% away in amount of sold tiles T1 vs T2)
  • 11 Countries have now a HIGHER TIER 2 Price vs the TIER 1 !!
    The main reason is that these countries never opened as T1 countries thus compares the T2 price vs a T1 of 0.1 USD.
  • Seychelles is the closest country to surpass the T1 price that was opened as T1. 109 841 Tiles to go
  • French Southern Territories (19th April) and Kosovo (22nd April) opened this week! Unfortunately the country data is faulty. Though, +170 000 T2 Tiles was sold in the French Southern Territory.

COUNTRIES CLOSES TO HAVE A HIGHER T1 PRICE

JEWELS MARKET HIGHLIGHTS

  • T1 Commons (Spawned / Base Jewels) continue to hold the important support at 0.22!
  • T1 Commons Base Jewels: Prices unchanged this week versus last week!
    In average 0 cents (0%) in price
  • T3 Crafted Jewels: Prices increased this week.
    Average of +22 cents (+6%) increase in price!
"MAKE/ BUY"  - How This works:
This Signals if the T1 versus crafted Jewels are at prices where the sum of T1s could be cheaper or more expensive then buying the T2s or T3s directly. 

EXAMPLE: BLUE T1 Common may be at 0.25 USD and 3 are required to create a T2 BLUE = 0.75 USD. 
However, the price of the T2 BLUE in the bazaar may be 0.6 USD. Then it would be better to buy the T2 Directly then crafting it from the T1s. (Perhaps even sell the T1s for 0.75 and buy the T2 for 0.6 !) 

Brilliants stats & Pricing

To be added in the future

**E2Economist ESSENCE "premium" Price Invesors are willing to pay in the Bazaar. 

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